"The city loses billions of dollars in taxes because flaws in the way property values are assessed. In many cases it is the billionaires themselves that benefit from these flaws. Now SITU has created stunning visual representations of those inequalities.

SITU’s exhibit at Storefront for Art and Architecture in Soho is using the buildings along Central Park to point out how the city’s property tax structure assigns higher real property taxes to renters than it does to the owners of trophy condos on Billionaires’ Row, according to 6sqft. That inefficiency costs the city millions in tax dollars every year...."